Motor Vehicles: Insurance
The question
To ask the Secretary of State for Transport, what steps she is taking to help ensure that the motor insurance industry is working closely with vehicle manufacturers to review the vehicle risk rating system.
Answered by Lilian Greenwood
The cross-government taskforce’s final report highlights the wider range of areas in which government is taking action; including taking steps to address vehicle theft and the cost of repairs. The government will continue to deliver against the actions set out in this report.
The FCA will continue to call for more action to be taken by social media companies to prevent fraudulent content from appearing on their platforms. Where the FCA identifies unlawful content, including ghost broking, ad-spoofing and material posted by finfluencers, it will seek to get the content removed and work with other partner agencies, including law enforcement, working to combat these activities.
The taskforce encourages the motor insurance industry to work closely with vehicle manufacturers to review the vehicle risk rating system.
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